Sherburn, MN is a great place to invest in real estate, as the median value of housing in the area is much lower than the U.S. median value of $338,100. In addition, the 1-year appreciation rate for homes in Sherburn is higher than the national average of 8.27%, coming in at an impressive 9.54%. That means that over the past year, homes in Sherburn have increased in value more than other homes across the country. With such promising figures, prospective buyers and investors can look forward to strong returns on their investments for years to come.
The median home cost in Sherburn is $166,800. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Sherburn is up 14.7%.
Average Age of Homes
- The median age of Sherburn real estate is 61 years old
The Rental Market in Sherburn
- Renters make up 19.3% of the Sherburn population
- 1.5% of houses and apartments in Sherburn, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.